Lecap Asset Management Ltd. Acquires Shares of 4,787 Clean Harbors, Inc. (NYSE:CLH)

Lecap Asset Management Ltd. purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the first quarter, HoldingsChannel reports. The fund purchased 4,787 shares of the business services provider’s stock, valued at approximately $944,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cooper Investors PTY Ltd. bought a new position in shares of Clean Harbors during the first quarter worth $4,829,000. Asset Management One Co. Ltd. boosted its position in shares of Clean Harbors by 18.6% during the first quarter. Asset Management One Co. Ltd. now owns 101,417 shares of the business services provider’s stock worth $19,990,000 after purchasing an additional 15,907 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Clean Harbors by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider’s stock worth $913,000 after purchasing an additional 122 shares in the last quarter. Advisor Resource Council bought a new position in shares of Clean Harbors during the first quarter worth $3,051,000. Finally, Blue Trust Inc. boosted its position in shares of Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after purchasing an additional 56 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Truist Financial reduced their price target on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird lifted their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Finally, UBS Group dropped their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $257.67.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the sale, the director now directly owns 2,978 shares in the company, valued at approximately $666,148.82. The trade was a 23.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 836 shares of Clean Harbors stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total transaction of $189,078.12. Following the completion of the sale, the director now owns 11,871 shares in the company, valued at $2,684,864.07. The trade was a 6.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,112 shares of company stock worth $3,416,406. Insiders own 5.60% of the company’s stock.

Clean Harbors Trading Down 1.8%

Shares of NYSE:CLH opened at $228.57 on Thursday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $223.47 and its 200 day simple moving average is $220.74. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 31.66 and a beta of 1.17.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $1.29 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.